Category: Energy

Energy, Industries

China drops U.S. crude oil from its target list of tariffs

August 10, 2018

Via: Market Watch

As China made good on its threat to impose 25% tariffs on $16 billion worth of U.S. imports, one big-ticket item originally on its hit list was conspicuously missing: crude oil. Oil had been one of a slate of targets […]

Energy, Industries

US sanctions on Iran could push oil prices above $90 a barrel by year-end, analyst says

August 6, 2018


U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one oil analyst told CNBC Monday, amid heightened energy market fears of a looming supply shock. “As we go more towards (the fourth quarter) … that’s […]

Energy, Industries

Chesapeake Energy stock falls again after earnings as oil and gas sales disappoint

August 3, 2018

Via: Market Watch

Shares of Chesapeake Energy Corp. tumbled in active trade Wednesday, after the company beat earnings expectations but came up short on revenue, as oil and gas sales fell well below Wall Street forecasts. Chesapeake CHK, -0.90% swung to a net […]

Energy, Industries

Congress Is Again Pushing a Bill That Lets the U.S. Sue OPEC for Oil Price Fixing. And Trump Might Sign It

July 17, 2018

Via: Fortune

U.S. Senator Chuck Grassley, along with a fellow Republican and two Democratic lawmakers, introduced legislation in the Senate that’s aimed at allowing the government to bring lawsuits against OPEC members for antitrust violations. Lawmakers in the other chamber of Congress, […]

Energy, Enterprise, Industries

Apple is spending millions to clean up China’s environment

July 13, 2018

Via: CNN

Apple is charging up its renewable energy credentials in China. The iPhone maker said Thursday that it was launching a $300 million fund that will identify and invest in clean energy projects in the world’s second biggest economy. Apple (AAPL) […]

Energy, Industries

Trump has access to a little-used tool that could lower oil prices

July 12, 2018

Via: Business Insider

“REDUCE PRICING NOW!” That was President Donald Trump’s message to OPEC last week, adding that “gas prices are up & they are doing little to help.” It was just the latest in a string of tweets taking aim at the […]

Energy, Industries

OPEC, Having Bolstered Oil Prices, Considers Ramping Up Production

June 22, 2018

Via: The New York Times

VIENNA — Major oil-producing countries moved on Friday toward an agreement to jointly raise production of crude, a shift that brings a symbolic end to an output-capping deal that more than doubled prices but that drew the ire of President […]

Energy, Industries

Saudi Arabia: Deal can be done this week to boost oil supply

June 21, 2018

Via: CNN

Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree. Saudi Energy Minister Khalid Al-Falih said Thursday that OPEC members and other countries who agreed in November 2016 to cut […]

Energy, Industries

Oil prices move higher as Venezuela supply crisis intensifies

June 6, 2018

Via: Market Watch

Oil prices moved a leg higher on Wednesday, extending the prior day’s gains after reports Venezuela may not deliver some of its contracted crude oil exports amid political upheaval. Production and exports in Venezuela have recently been hit hard by […]

Energy, Industries

Higher oil prices are taking a toll on airline profits

June 4, 2018

Via: CNN

Airline profits are set to take a hit from the rise in oil prices and other increasing costs this year. The International Air Transport Association, a global industry group, has slashed its forecast for total profits for the global airline […]